$ 5,300,000
-
$5,300,000
Price -
42,736
SqFt -
4.26
Acre
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About the Listing 70384 - PROZ0208,PROZ0208
Introducing a rare and highly versatile investment opportunity on Eau Claire’s desirable southside. This 36-unit independent living community offers immediate income potential with significant upside for future expansion and repositioning. Purposefully designed as a 55+ independent living property, this asset presents a unique opportunity for investors or operators to evolve the property into a full-service Continuing Care Retirement Community (CCRC). With the ability to incorporate assisted living, memory care, or layered home health services, the possibilities for increased revenue streams and long-term value creation are substantial. The property was thoughtfully constructed to accommodate a future two-story expansion, with excess land available for an additional wing—allowing a seamless scale-up of operations without compromising the existing structure. Nestled in a private, wooded setting, the site offers a peaceful and highly sought-after environment for residents, while still being conveniently located on Eau Claire’s southside. Its positioning is especially strategic—situated between two established Continuing Care Retirement Communities—reinforcing the area’s strong demand and proven senior housing market.
Listing Highlights
Interior Details
- Appliances: Dryer, Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, See Remarks, Washer, Other
- Air Cond: See Remarks,Wall Unit(s),Wall/Window Unit(s)
- Heating: Hot Water,See Remarks
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 39861
- Below Ground Sq Ft: 2875
- Basement: Partial,Partially Finished
- Other: Ceiling Fan(s)
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 727 x 1254 x
- Zoning: Residential-Multifamily
- Roof:
- Others: Sprinkler/Irrigation
- Sewer: Public Sewer
- Parking Features: Asphalt,Driveway,Garage Door Opener
Financial Details
- Tax Amount: $63,458
- Taxes w/Assessments: N/A
- Tax/Property ID: 1822122709264309012
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
4880 Otteson Lane 1-36 City of Eau Claire, Eau Claire, WI 54701
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